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 Replies: 753 / Views: 59,691 |
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Pillar of the Community
United States
924 Posts |
Foxwoods Man or anyone else with knowledge: What kind of discounts do the big dealers receive? For example Paradise Mint is selling 2017-W burnished silver eagles graded by PCGS at PR69 in .99 cent auctions. Pretty much all are selling for less than mint issue price. Between PCGS, ebay, PayPal, and free shipping can they still be making money? http://www.ebay.com/itm/2017-W-Burn...AOSwCEBZd4FfThis one sold for $31.00 shipped. A bunch have sold under $40 shipped. Edited by RPT
08/02/2017 2:25 pm
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Pillar of the Community
United States
1026 Posts |
The US Mint has a bulk purchase program: https://catalog.usmint.gov/bulk-pur...l#numismaticBut it does not say what kind of discount one would get for participating. I assume this will be negotiated on a case-by-case basis and has to do with the order volume. On some forums I saw a 5% discount mentioned, but that's probably at the lower end of the spectrum and may apply to your traditional 'brick and mortar stores'. The big online dealers probably get in excess of 10%, but how much? Only they know and they certainly won't tell you... Taking a loss is part of doing business. It's a way of offsetting tax on profits. At the same time you are reducing inventory and returning cash to your business. Loaning cash from a bank would cost more in the end than selling your inventory at a loss. |
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Pillar of the Community
United States
1026 Posts |
MCM has just started offering the set - US$49.95 raw (qty 500) & US$99.95 NGC GEM FDOI (100).
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Pillar of the Community
United States
1913 Posts |
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Moderator
 United States
189110 Posts |
I did get my shipping confirmation e-mail right after lunch and tracking is live, but no delivery estimate.  |
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Pillar of the Community
United States
4901 Posts |
Yup...got both my shipping confirms a short time ago
One is "smart"post...the other is UPS ground Sig. Let's see what the time difference is
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Moderator
United States
189110 Posts |
Quote:
One is "smart"post...the other is UPS ground Sig. Let's see what the time difference is Oh, an experiment. Nice. |
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Bedrock of the Community
 United States
12844 Posts |
I now have a tracking number as well... "UPS Ground Sig Adult". Excellent.
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Pillar of the Community
United States
2627 Posts |
Same here, I received my shipping confirmation this afternoon but as usual the tracking just says "Label created." Now comes the joy of waiting on Fedex Smartpost, which I'm pretty sure purposely delivers packages as slow as humanly possible to really rub in the "budget" part of budget shipping.
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Forum Dad
United States
24170 Posts |
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Pillar of the Community
United States
4901 Posts |
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Valued Member
United States
185 Posts |
Wow, someone selling 1,000 set for $39K. That is a $5K profit if bought for the original price of $34.00.
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Pillar of the Community
United States
4901 Posts |
Decent profit but the free shipping of 26 boxes of 38 sets each (plus one box) will eat up a bit of that (and the around 13% ebay fee) Do the math if interested  Edited by Foxwoods Man
08/02/2017 5:33 pm
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Pillar of the Community
United States
4870 Posts |
The mark ups are quite astronomical. I see some selling lots of 500...this is why many of us couldn't get a set. This is just as bad as ticket scalping.
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Pillar of the Community
United States
2815 Posts |
The number of lots (10, 50, 100, 500, etc.) available on ebay is crazy. LOL. It's so absurd it's practically comical. Waiting in the shadows......  |
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Replies: 753 / Views: 59,691 |
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Posted 08/02/2017 2:30 pm
